Top 5 Vendors in the Global Oil Country Tubular Goods Market from 2016 to 2020: Technavio

Technavio has announced the top five leading vendors in their recentglobal
oil country tubular goods marketreport. This research
report also lists eight other prominent vendors that are expected to
impact the market during the forecast period.

Competitive vendor landscape

According to Thanikachalam Chandrasekaran, a lead analyst at Technavio
for oil
and gasresearch, “The current scenario of weaker oil
prices will weigh down on the oil country tubular goods market
significantly. However, the oil country tubular goods market is expected
to grow in tandem with the broader oil and gas industry, which is
expected to start a slow revival by 2017.”

The global oil country tubular goods market is highly fragmented with
the presence of multiple global vendors. The market is highly
competitive with players competing to gain greater market share. With
rising competition, the market is experiencing consolidation. The
competitive environment in the market is predicted to intensify during
the forecast period with increased product extensions in terms of size
and technological innovations. International players are predicted to
grow inorganically during the forecast period by acquiring regional or
local players.

ArcelorMittal is a leading company in the integrated steel and mining
sectors. The company and its subsidiaries produce flat carbon steel,
stainless steel, and long carbon steel as well as process, finish, and
distribute steel. The company has extended product lines that meet the
most stringent specifications to cater to customer requirements. The
company provides tubes and connections designed for oil and gas well
equipment, which can meet all the challenges and difficulties in oil and
gas exploration. The firm has a dedicated team that modifies connection
designs to new sizes or specific requirements.

NSSMC

The company is an integrated steel manufacturing company. It operates
through five business categories that include steelmaking and steel
fabrication, chemical, engineering and construction, new materials, and
systems solution businesses.

NSSMC is an important player in the Japanese seamless pipes industry.
The company is a pioneer in developing high-performance oil country
tubular goods. It uses advanced technologies and provides superior
services for oil country tubular goods. The company provides a broad
range of steel products for diverse industries. It produces steel bars,
wire rods, seamless casing and tubing, and steel products for rail. Its
steel bars, wire rods, steel pipes, and steel tube units are used for
application in automotive, construction, and industrial machinery.

Tenaris

The company designs, manufactures, and markets steelpipes in Europe and abroad. It is a leading manufacturer of steel
pipe products and related services. Tenaris is an important vendor for
the global oil country tubular goods market. It provides a full range of
high-quality products such as casings and tubings, drill pipes, premium
connections, pipe accessories, sucker rods, and coiled tubing for all
types of drilling and oil well activities. The company offers all
proprietary and API steel grades for more challenging E&P applications,
including chrome, alloy, and high-alloy steels. The company provides
three service pillars such as technical consulting services, pipe
management services, and field services.

TMK

TMK is the largest producer of pipes in Russia. It is one of the top
three pipe manufacturing companies worldwide. The company has
manufacturing plants in Russia, the US, Romania, and Kazakhstan. It
manufactures all types of pipes used in the oil and gas industry. Its
product portfolio includes oil country tubular goods, line pipes,
seamless industrial pipes, large diameter welded pipes, and welded
industrial pipes. The company is engaged in the production and
commercialization of steel pipes for the oil and gas industry. Its
native name is OAO TMK.

U.S. Steel

U.S. Steel is one of the world's largest steel manufacturing companies.
It mainly serves the construction, containers, transportation, automotive,
electrical, and oil and gas industries. Its product offerings include
slabs, rounds, strip mill plates, sheets, and tin mill products.

U.S. Steel is an important player in the global oil country tubular
goods market. The company produces specially designed and manufactured
oil country tubular goods to meet the requirements of challenging oil
and gas environments. It provides a broad range of connections, casings
and tubings, and accessories. It offers both oil country tubular goods
casing and tubing services and rig site services.

All product names, brands and trademarks are the property of their
respective owners.

Do you need a report on a market in a specific geographical cluster
or country but can’t find what you’re looking for? Don’t worry,
Technavio also takes client requests. Please contact [email protected]
with your requirements and our analysts will be happy to create a
customized report just for you.

About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

If you are interested in more information, please contact our media team
at [email protected].

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